Definitions for arbitration clause
ar·bi·tra·tion clause

Princeton's WordNetRate this definition:0.0 / 0 votes

1. arbitration clausenoun

   a clause in a contract providing for arbitration of disputes arising under the contract

WikipediaRate this definition:0.0 / 0 votes

1. Arbitration clause

   An arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process. Although such a clause may or may not specify that arbitration occur within a specific jurisdiction, it always binds the parties to a type of resolution outside the courts, and is therefore considered a kind of forum selection clause. Arbitration clauses are frequently paired with class action waivers which prevents contracting parties to file class action lawsuits against each other. In the United States, arbitration clauses also often include a provision which requires parties to waive their rights to a jury trial. All three provisions have attained significant amounts of support and controversy, with proponents arguing that arbitration is equally as fair as courts and a more informal, speedier way to resolve disputes, while opponents of arbitration condemning the clauses for limited appeal options and allowing large corporations to effectively silence claims through "private justice".

ChatGPTRate this definition:0.0 / 0 votes

1. arbitration clause

   An arbitration clause refers to a section in a contract where the parties involved agree to resolve any disputes or disagreements that may arise regarding the contract through arbitration rather than litigation. This means they will seek a resolution through an impartial arbitrator or arbitration panel rather than taking the issue to court. This clause defines the scope and specifics of such arbitration, including the place, rules, and processes to be followed.

WikidataRate this definition:0.0 / 0 votes

1. Arbitration clause

   An arbitration clause is a commonly used clause in a contract that requires the parties to resolve their disputes through an arbitration process. Although such a clause may or may not specify that arbitration occur within a specific jurisdiction, it always binds the parties to a type of resolution outside of the courts, and is therefore considered a kind of forum selection clause. In the United States, the federal government has expressed a policy of support of arbitration clauses, because they reduce the burden on court systems to resolve disputes. This support is found in the Federal Arbitration Act, which permits compulsory and binding arbitration, under which parties give up the right to appeal an arbitrator's decision to a court. In Prima Paint Corp. v. Flood & Conklin Mfg. Co., the U.S. Supreme Court established the "separability principle", under which enforceability of a contract must be challenged in arbitration before any court action, unless the arbitration clause itself has been challenged. Furthermore, arbitration clauses are often combined with geographic forum selection clauses, and choice-of-law clauses, both of which are also fully enforceable. The result is that a plaintiff may find himself or herself compelled to arbitrate in a strange private forum thousands of miles from home, and the arbitrators may decide the case on the basis of the law of a state or a nation which the plaintiff has never visited.

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How to pronounce arbitration clause?

1. Alex

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   British

   Libby

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How to say arbitration clause in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of arbitration clause in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of arbitration clause in Pythagorean Numerology is: 8

Examples of arbitration clause in a Sentence

1. Lawrence Rosen:

   The settlement agreement contained an arbitration clause that permitted EC, LLC to seek an injunction in the event of a breach or threatened breach of the agreement, the designated judge from the arbitration tribunal found that Ms. Clifford had violated the agreement and enjoined her from, among other things, filing this lawsuit.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=arbitration clause
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Arbitration_Clause
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=arbitration clause